Assertion Contradicted AI assessment confidence: 90% certainty 4/5 debate potential 2/5

Kimmel: Enterprise pricing software costs at least $150K to $200K annually

Mike Kimmel · What happens when a PHD professor in analytics launches a SaaS company? · Feb 14, 2023 · at 8:47

PriceSymmetrics founder Mike Kimmel explains the barrier to entry for small businesses attempting to access legacy enterprise pricing software.

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“You cannot get pricing software at less than, call it a 150,200 thousand dollars a year for an annual site license.”

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More from Mike Kimmel

Disclosure
Kimmel: Only head coder receives cash; rest of team takes equity
“We have one person getting paid right now, and that's our head coder. We basically are bootstrapping right now, although we are looking to raise money. The rest of the team is working on equity.”
Mike Kimmel Feb 14, 2023 ▶ 3:20 What happens when a PHD professor in analytics launches a SaaS company?
Insight
Kimmel: Businesses with under 50 SKUs do not need pricing software
“My guess is that probably if you've got less than 50 SKUs or so, or you do very little in the way of transactions, you probably don't need the product.”
Mike Kimmel Feb 14, 2023 ▶ 7:46 What happens when a PHD professor in analytics launches a SaaS company?
Disclosure
Kimmel: PriceSymmetrics aims to become the QuickBooks for pricing
“Our goal, when we look at it, our goal is to be something like a QuickBooks for pricing.”
Mike Kimmel Feb 14, 2023 ▶ 10:23 What happens when a PHD professor in analytics launches a SaaS company?
Disclosure
Kimmel: The PriceSymmetrics team has personally invested roughly $100,000
“I think about a hundred K give or take.”
Mike Kimmel Feb 14, 2023 ▶ 12:45 What happens when a PHD professor in analytics launches a SaaS company?
Disclosure
Kimmel: Entire PriceSymmetrics team except for him works part-time
“Everybody but me currently is part-time.”
Mike Kimmel Feb 14, 2023 ▶ 3:07 What happens when a PHD professor in analytics launches a SaaS company?
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